ECO Credit Extended?

[panbob]

Does anyone know if BMW extended the eco credit beyond Nov 2nd?

[Armand]

According to someone on Bimmerfest forum, it has been extended to 1/4. I was not able to validate it on bmwusa.

335d eco credit extension - bimmerfest - BMW Forums

[vpaul2]

I just spoke with my salesrep and they said both the ECOcredit as well as current finance rate of 5.9 has been extended for another month for the x5 35D.

[FunfDreisig]

Originally Posted by vpaul2

...the ECOcredit as well as current finance rate of 5.9 has been extended for another month for the x5 35D.

This is not a big surprise since BMW gets most or all of the $4,500 eco credit back when people finance though BMWNA. The only time they lose the whole $4,500 is when people pay cash or finance somewhere else.

Funf Dreisig

[cpiguy]

I was just notified that the credit goes away on any car delivered after Dec. 31st. My car is on order and scheduled for production the last week of November, which mean I take delvery the first or second week of January.

In other words, I just got Fxcked!!

[spacey]

How do you figure that? I ordered 10/19, my salesrep said that the car is about to get scheduled for production this or next week. Then it takes 1 week to make and ~2 weeks for BS and he says that he still expects it to be delivered by the end of this month... Not sure if I believe this month but 1st half of Dec for sure. Also, he said that the eco credit eligibility is based on when you order and your paperwork is run through BMW NA not when the car is delivered.

And BTW, I am financing somewhere other than BMW FS

spacey

[cpiguy]

Originally Posted by spacey

How do you figure that? I ordered 10/19, my salesrep said that the car is about to get scheduled for production this or next week. Then it takes 1 week to make and ~2 weeks for BS and he says that he still expects it to be delivered by the end of this month... Not sure if I believe this month but 1st half of Dec for sure. Also, he said that the eco credit eligibility is based on when you order and your paperwork is run through BMW NA not when the car is delivered.

And BTW, I am financing somewhere other than BMW FS

spacey

He's wrong.

[Armand]

Originally Posted by cpiguy

I was just notified that the credit goes away on any car delivered after Dec. 31st. My car is on order and scheduled for production the last week of November, which mean I take delvery the first or second week of January.

In other words, I just got Fxcked!!

I'm in a similar situation. My dealer has cleared me for eco so 12/31 does not appear to be a real deadline. In any case, I will not take the car if I don't get eco. BMW is in a tight corner. If they stop eco, their pipeline will go to hell. They just added 700 workers and extended the shifts from 80 hours to 100 hours according to the news. What do you think would happen if people like you and I just walk away from their orders? Right now, I would say BMW is fxcked if they try to mess around with eco. That's IMHO.

[panbob]

Thanks, Armans and vpaul2 for your replies.

This probably indicates BMWs fear of not selling as many diesels in the US without such credit.

Does anyone know if this credit is taken from dealership's profit? I do not think so but one of the agents mentioned about their profir margin going too low due to this.

[bigx5er]

Extended to end of year and no impact on dealer profit. The rebate comes out of BMWs pocket.